Austin expected to approve $6B+ budget, triggering property tax rate election
PREVIOUS: Austin mayor 'disappointed' with cost of some tax rate election proposals
'Nobody enjoys paying more taxes, but we do enjoy our parks—we do need to drive on our roads. There are crucial, essential things a city has to do, and the cost of doing those things has risen,' Austin City Council Member Ryan Alter said.
How much will the city ask for in a tax rate election?
Some Austin city council members and the mayor indicated Wednesday they were not comfortable going above 5 pennies in the below scenario. Previously, the council was considering anywhere from the city manager's proposed base budget to 8 pennies.
As the graph indicates, at 5 cents, a tax rate election would mean the average homeowner's property tax bill goes up by $302.14 annually, $197.92 of that from the TRE. That does not include rates.
What would you get for it?
City council members so far seem to almost unanimously agree that more money is needed to fully fund the Homeless Strategy Office's $101 million plan, for parks, public safety and some social services.
Staff brought forward a base tax rate election proposal Wednesday, which included some funding for the Homeless Strategy Office's (HSO) plan, the housing trust fund, Emergency Medical Services programs, funding for parks, public health, sidewalks and funding for overtime at the Austin Fire Department.
'I wanted to make sure that we have the appropriate overtime for our fire department. I am not in favor of changing our staffing models,' Austin City Council Member Paige Ellis told KXAN of her priorities. She brought forward an amendment on that issue.
Austin firefighters push back against proposed budget's staffing requirement changes
That base proposal was amended Wednesday, and council members will continue to add to it or take away from it on Thursday. Some amendments included reinstating funding for police oversight, fully funding the homelessness plan and adding additional funding for a homeless navigation center.
'Addressing the needs from public safety, whether that's EMS needs or fire needs, looking at things including library funding, the list goes on and on,' Austin City Council Member Ryan Alter said of early amendments made.
Austin's homeless strategy office identifies $101 million needed for new strategies to address issues
Austin City Council Member Marc Duchen said Wednesday, while he thinks these are important services, he does not support a tax rate election as high as 5 cents and will be voting against items that raise the property tax rate.
Previous coverage
Aug. 14: Austin budget discussions underway, property tax election all but certain
Aug. 12: Get up to speed with the latest tax rate election proposals
Aug. 8: Austin mayor 'disappointed' with some tax rate election proposals
Aug. 5: Austin leaders lay out initial tax rate election proposals
Aug 1: Texas cities, counties may face new limits on raising property taxes
July 15: Austin leaders concerned budget cuts too much from community needs
July 12: Austin City Manager TC Broadnax releases proposed $6B+ budget
What is a tax rate election?
Because of a 2019 state law, taxing entities cannot raise the property tax rate more than 3.5% from the year prior without triggering a TRE.
After City Manager TC Broadnax released his proposed budget, which sat at that 3.5% voter approval rate and would not trigger an election, council members and the mayor started proposing alternatives that cut less services but also add to your property tax bill.
That increase in the property tax rate would ultimately trigger a tax rate election in November.
The body started discussion on Wednesday, and while the vote is expected to happen Thursday, it may take until Friday to officially vote on the budget and tax rate.
Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
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PURCHASE, N.Y., Aug. 15, 2025 /PRNewswire/ -- PepsiCo, Inc. (NASDAQ: PEP) today announced that it will issue its third-quarter 2025 (ending September 6) financial results and other related information on Thursday, October 9, 2025 by posting the following materials and links on the company's website at Press release and 10-Q at approximately 6:00 a.m. EDT Prepared management remarks (in PDF format) at approximately 6:30 a.m. EDT Live question and answer session for analysts with Ramon Laguarta, Chairman and Chief Executive Officer, and Jamie Caulfield, EVP and Chief Financial Officer at 8:15 a.m. EDT About PepsiCo PepsiCo products are enjoyed by consumers more than one billion times a day in more than 200 countries and territories around the world. PepsiCo generated nearly $92 billion in net revenue in 2024, driven by a complementary beverage and convenient foods portfolio that includes Lay's, Doritos, Cheetos, Gatorade, Pepsi-Cola, Mountain Dew, Quaker, and SodaStream. PepsiCo's product portfolio includes a wide range of enjoyable foods and beverages, including many iconic brands that generate more than $1 billion each in estimated annual retail sales. Guiding PepsiCo is our vision to Be the Global Leader in Beverages and Convenient Foods by Winning with pep+ (PepsiCo Positive). pep+ is our strategic end-to-end transformation that puts sustainability and human capital at the center of how we will create value and growth by operating within planetary boundaries and inspiring positive change for planet and people. For more information, visit and follow on X (Twitter), Instagram, Facebook, and LinkedIn @PepsiCo. Contacts: Investors Media ir@ pepsicomediarelations@ View original content to download multimedia: SOURCE PepsiCo, Inc. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
